Does MBA increase salary?

This piece is a little dated but it still holds true.

Does an MBA increase salary?

Not so much as it used to, but it still provides a substantial boost. However, to give you an idea of the the consistent decline in increase in salary percentage over the years, check out the statistics below.

At the same time, MBA tuition fees have risen at 7%, on an average, over the past 15 years.

Such a dramatic change in salary could be accounted for, to some extent, by the situation of the economy during these periods. Companies were paying fresh MBAs high salaries in the late 1990s for the fear of losing them to dot-coms. Quite a few MBAs, who joined dot-coms, did incredibly well. On the other hand, MBAs who graduated in the midst of the great recession of 2008-10 failed to receive a greater increase in salary, as compared to those from earlier years.

Salary and job prospects of everyone, whether MBA or non-MBA, is strongly linked with the economy, so it’s true that the market value of the MBA degree has gone down over the years. But it’s more because of the global economy and less because of the intrinsic value of the degree itself.

What ultimately matters is that the MBA still provides a significant boost to a person’s earning potential and is widely recognised by employers across the globe.

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